HighPoint Advisor Group LLC Buys 175 Shares of Copart, Inc. (NASDAQ:CPRT)

HighPoint Advisor Group LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,747 shares of the business services provider’s stock after buying an additional 175 shares during the period. HighPoint Advisor Group LLC’s holdings in Copart were worth $577,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. increased its stake in shares of Copart by 58.8% during the fourth quarter. Franklin Resources Inc. now owns 4,296,060 shares of the business services provider’s stock worth $246,551,000 after purchasing an additional 1,590,706 shares during the period. Summit Financial LLC grew its holdings in Copart by 9.9% in the 4th quarter. Summit Financial LLC now owns 5,481 shares of the business services provider’s stock valued at $315,000 after buying an additional 492 shares in the last quarter. Wellington Management Group LLP increased its position in Copart by 14.4% during the 4th quarter. Wellington Management Group LLP now owns 14,157,306 shares of the business services provider’s stock worth $812,488,000 after buying an additional 1,785,741 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Copart by 16.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 77,234 shares of the business services provider’s stock valued at $4,432,000 after acquiring an additional 11,152 shares during the period. Finally, RWA Wealth Partners LLC acquired a new position in shares of Copart in the fourth quarter valued at about $804,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Transactions at Copart

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director James E. Meeks sold 100,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. 9.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Argus cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Copart Stock Performance

Shares of NASDAQ CPRT opened at $57.47 on Thursday. The stock has a market capitalization of $55.52 billion, a P/E ratio of 38.57 and a beta of 1.30. The stock’s fifty day moving average is $56.31 and its 200 day moving average is $56.34. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Copart had a net margin of 32.27% and a return on equity of 19.31%. Equities research analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.